Chrysaor Chooses RiskPoynt for Operational Risk Management

Newly expanded exploration and production company Chrysaor Holdings Limited is working with RiskPoynt in an effort to minimize its upstream operational risk.

RiskPoynt revealed recently that Chrysaor will use the company’s Barrier Model as its operational risk management solution, which will act as a single operational risk management application.

RiskPoynt’s technology will allow Chrysaor to see a ‘barrier status’ related to process safety and asset integrity, which will include real time display to show that these risks are being properly managed across the organization, according to a RiskPoynt statement.

“We look forward to teaming with a company that shares our commitment to continuously improving the industry’s health, safety and environmental performance,” said Tim Perman, CEO of RiskPoynt, in a company statement.

“By providing the tools and knowledge to ensure safety and efficiency at their operations, RiskPoynt’s solution empowers companies to shift their work culture from crisis management to risk management,” he added.

Following the completion of its transaction with Royal Dutch Shell plc earlier this month, which involved the purchase of a package of UK North Sea assets, Chrysaor became the largest independent operator in the region.

The company now has around 400 employees, with approximately 200 based in its operations center at the Capitol Building in Aberdeen, 150 working offshore and 50 at its corporate headquarters in London.


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